BC Advantage - 2005 Issue 12
Spiraling Out of Control: 5 ways to Reduce Workers' Compensation Claims
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Article Overview
This article explains practical ways small businesses and employers can think about workers’ compensation cost control. It covers safety programs, claim handling, fraud concerns, policy and payroll review, experience rating factors, deductible considerations, outsourcing to a professional employer organization, and software-based tracking of incidents and related costs. It is relevant to business owners, HR staff, safety managers, and those involved in workers’ compensation administration.
Why This Topic Matters
Workers’ compensation can be a significant and rising expense, especially for small businesses. Understanding the article’s broad guidance can help readers decide whether the full piece offers useful context on prevention, administration, and cost management.
Article Sections
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Make Safety a Priority
Discusses workplace safety programs and management involvement as part of a broader workers’ compensation cost-control approach.
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Take Action When a Claim Occurs
Covers immediate claim-response processes, incident documentation, reporting, and related employer actions after an injury.
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Be Aware of Possible Fraud
Addresses concerns about suspicious claims and the role of investigation and documentation in identifying potential fraud.
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Take Action Behind the Scenes
Reviews administrative items such as policy accuracy, experience factors, deductible considerations, and related behind-the-scenes claim management topics.
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Consider a PEO
Explains the role of professional employer organizations and the general services they may provide to small businesses.
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Using Software to Track Workers' Compensation Costs
Introduces software-based tracking, incident trending, and broader management of workers’ compensation-related information.
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When an Injury Occurs
Discusses incident reporting, communication among stakeholders, and return-to-work coordination after an injury.
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Loss Prevention
Focuses on tracking incidents and near-misses to support prevention-oriented cost management efforts.
What You Will Learn
- How employers can think about reducing workers’ compensation costs
- The broad role of safety programs in claims management
- What kinds of administrative issues are reviewed after a claim or policy change
- How software and centralized reporting can support workers’ compensation tracking
- Why return-to-work and loss prevention processes matter to employers
Who Should Read This
- Small business owners
- Employers
- Human resources professionals
- Safety managers
- Workers’ compensation administrators
Codes Discussed
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